Gold Just Had Its Worst Week In 43 Years — During An Active War. Something Is Wrong With The System Beneath It | Tom's Deep Dive
The war revealed it, but inevitably, given that private credit stress is still building up, was building up before the missiles were fired and will continue to build long after we exit the war, regardless of what's happening in the Middle East today, there are certain things about my go-forward approach that are unlikely to change.
Gold Just Had Its Worst Week In 43 Years — During An Active War. Something Is Wrong With The System Beneath It | Tom's Deep Dive
ask honestly if credit tightens significantly from here what happens to this asset second trying to make sure that i do not confuse the noise with the signal on the dollar the loudest voices right now are screaming dollar collapse debasement and inflation and historically that has been where i've spent all of my focus as well
Gold Just Had Its Worst Week In 43 Years — During An Active War. Something Is Wrong With The System Beneath It | Tom's Deep Dive
Given our reckless spending, inflation remains a threat that I am certainly hedging against, but a rising dollar due to crisis-led deflation in the Eurodollar system is not strength, it's distress, and I'm factoring that into my thinking.
Gold Just Had Its Worst Week In 43 Years — During An Active War. Something Is Wrong With The System Beneath It | Tom's Deep Dive
Be careful not to look only at the US and the Fed and go all in on a bet on inflation at the exact moment that the wider monetary system is at risk of deflation.